Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics

Autores
Brondino, Gabriel; Lazzarini, Andrés Lucas Rodrigo
Año de publicación
2017
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
The present essay re-examines the scope of Sraffa's critique of Marshall'ssupply curves that the former developed in his 1925 and 1926 articles showingthat neoclassical supply curves derived from non-proportional returns arenot robust both in the short and in the long run. After examining what ashort-run and a long-run equilibrium means both for the original Sraffa's articles and for Marshall?s pioneer contribution, the chapter discusses thecommon procedure in conventional economics to introduce the limitations tothe growth of the firm. The argument of the chapter will be based on the1920s articles as well as on the 'Lectures on Advanced Theory of Value' delivered in 19281931 by Sraffa at Cambridge University, now publiclyavailable online by the Wren library, Trinity College, Cambridge. For shortrunanalysis, it must be assumed that the number of firms is fixed. Thisassumption entails serious problems with regards to the notions of competitionand competitive behaviour. For long-run analysis, the sources of increasingcosts are problems of management and control. However, this idea isuntenable both on logical and empirical grounds. We argue that contemporarymainstream microeconomic treatment of costs and supply in the contextof perfect competition still presents several problems. These problems, rather than being superficial, lie at the root of the supply and demand approach ofvalue and distribution.
Fil: Brondino, Gabriel. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional del Litoral; Argentina
Fil: Lazzarini, Andrés Lucas Rodrigo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de San Martín; Argentina
Materia
Sraffa
Marshall
Supply Curves
Returns
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/73039
Acceder
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network_name_str CONICET Digital (CONICET)
spelling Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream MicroeconomicsBrondino, GabrielLazzarini, Andrés Lucas RodrigoSraffaMarshallSupply CurvesReturnshttps://purl.org/becyt/ford/5.2https://purl.org/becyt/ford/5The present essay re-examines the scope of Sraffa's critique of Marshall'ssupply curves that the former developed in his 1925 and 1926 articles showingthat neoclassical supply curves derived from non-proportional returns arenot robust both in the short and in the long run. After examining what ashort-run and a long-run equilibrium means both for the original Sraffa's articles and for Marshall?s pioneer contribution, the chapter discusses thecommon procedure in conventional economics to introduce the limitations tothe growth of the firm. The argument of the chapter will be based on the1920s articles as well as on the 'Lectures on Advanced Theory of Value' delivered in 19281931 by Sraffa at Cambridge University, now publiclyavailable online by the Wren library, Trinity College, Cambridge. For shortrunanalysis, it must be assumed that the number of firms is fixed. Thisassumption entails serious problems with regards to the notions of competitionand competitive behaviour. For long-run analysis, the sources of increasingcosts are problems of management and control. However, this idea isuntenable both on logical and empirical grounds. We argue that contemporarymainstream microeconomic treatment of costs and supply in the contextof perfect competition still presents several problems. These problems, rather than being superficial, lie at the root of the supply and demand approach ofvalue and distribution.Fil: Brondino, Gabriel. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional del Litoral; ArgentinaFil: Lazzarini, Andrés Lucas Rodrigo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de San Martín; ArgentinaEmerald Publishing2017-12info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/73039Brondino, Gabriel; Lazzarini, Andrés Lucas Rodrigo; Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics; Emerald Publishing; Research in the History of Economic Thought and Methodology; 35; 2; 12-2017; 131-1510743-4154CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/https://www.emeraldinsight.com/doi/10.1108/S0743-41542017000035B006info:eu-repo/semantics/altIdentifier/doi/10.1108/S0743-41542017000035B006info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-29T10:13:33Zoai:ri.conicet.gov.ar:11336/73039instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-29 10:13:33.227CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics
title Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics
spellingShingle Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics
Brondino, Gabriel
Sraffa
Marshall
Supply Curves
Returns
title_short Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics
title_full Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics
title_fullStr Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics
title_full_unstemmed Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics
title_sort Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics
dc.creator.none.fl_str_mv Brondino, Gabriel
Lazzarini, Andrés Lucas Rodrigo
author Brondino, Gabriel
author_facet Brondino, Gabriel
Lazzarini, Andrés Lucas Rodrigo
author_role author
author2 Lazzarini, Andrés Lucas Rodrigo
author2_role author
dc.subject.none.fl_str_mv Sraffa
Marshall
Supply Curves
Returns
topic Sraffa
Marshall
Supply Curves
Returns
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.2
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv The present essay re-examines the scope of Sraffa's critique of Marshall'ssupply curves that the former developed in his 1925 and 1926 articles showingthat neoclassical supply curves derived from non-proportional returns arenot robust both in the short and in the long run. After examining what ashort-run and a long-run equilibrium means both for the original Sraffa's articles and for Marshall?s pioneer contribution, the chapter discusses thecommon procedure in conventional economics to introduce the limitations tothe growth of the firm. The argument of the chapter will be based on the1920s articles as well as on the 'Lectures on Advanced Theory of Value' delivered in 19281931 by Sraffa at Cambridge University, now publiclyavailable online by the Wren library, Trinity College, Cambridge. For shortrunanalysis, it must be assumed that the number of firms is fixed. Thisassumption entails serious problems with regards to the notions of competitionand competitive behaviour. For long-run analysis, the sources of increasingcosts are problems of management and control. However, this idea isuntenable both on logical and empirical grounds. We argue that contemporarymainstream microeconomic treatment of costs and supply in the contextof perfect competition still presents several problems. These problems, rather than being superficial, lie at the root of the supply and demand approach ofvalue and distribution.
Fil: Brondino, Gabriel. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional del Litoral; Argentina
Fil: Lazzarini, Andrés Lucas Rodrigo. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad Nacional de San Martín; Argentina
description The present essay re-examines the scope of Sraffa's critique of Marshall'ssupply curves that the former developed in his 1925 and 1926 articles showingthat neoclassical supply curves derived from non-proportional returns arenot robust both in the short and in the long run. After examining what ashort-run and a long-run equilibrium means both for the original Sraffa's articles and for Marshall?s pioneer contribution, the chapter discusses thecommon procedure in conventional economics to introduce the limitations tothe growth of the firm. The argument of the chapter will be based on the1920s articles as well as on the 'Lectures on Advanced Theory of Value' delivered in 19281931 by Sraffa at Cambridge University, now publiclyavailable online by the Wren library, Trinity College, Cambridge. For shortrunanalysis, it must be assumed that the number of firms is fixed. Thisassumption entails serious problems with regards to the notions of competitionand competitive behaviour. For long-run analysis, the sources of increasingcosts are problems of management and control. However, this idea isuntenable both on logical and empirical grounds. We argue that contemporarymainstream microeconomic treatment of costs and supply in the contextof perfect competition still presents several problems. These problems, rather than being superficial, lie at the root of the supply and demand approach ofvalue and distribution.
publishDate 2017
dc.date.none.fl_str_mv 2017-12
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/73039
Brondino, Gabriel; Lazzarini, Andrés Lucas Rodrigo; Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics; Emerald Publishing; Research in the History of Economic Thought and Methodology; 35; 2; 12-2017; 131-151
0743-4154
CONICET Digital
CONICET
url http://hdl.handle.net/11336/73039
identifier_str_mv Brondino, Gabriel; Lazzarini, Andrés Lucas Rodrigo; Sraffa’s 1920s Critique and its Relevance for the Assessment of Mainstream Microeconomics; Emerald Publishing; Research in the History of Economic Thought and Methodology; 35; 2; 12-2017; 131-151
0743-4154
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/https://www.emeraldinsight.com/doi/10.1108/S0743-41542017000035B006
info:eu-repo/semantics/altIdentifier/doi/10.1108/S0743-41542017000035B006
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Emerald Publishing
publisher.none.fl_str_mv Emerald Publishing
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
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score 13.070432

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